SNOW Rides on Enterprise AI Adoption: Can the Growth Continue?

Key Takeaways Snowflake's AI Data Cloud drove nearly 50% of new logos and 25% of use cases in fiscal Q2 2026. Product revenues rose 32% year over year to $1.09B in fiscal Q2 2025, with 125% net revenue retention. Customer base grew 19% to 12,062, with $1M revenue accounts up 30% to 654, highlighting strong demand. Snowflake (SNOW) is benefiting from the accelerating adoption of enterprise AI, which is increasingly becoming a cornerstone of its growth strategy. The company is hugely developer-friendly, which ...